Analysts are bullish on Amazon's growth story ahead of its earnings

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Several of Wall Street's biggest firms are confident in the company's cloud-computing services growth, as well as its generative AI investments.

Investors are staying bullish ahead of Amazon's quarterly report Thursday as the company's cloud and consumer-focused businesses show signs of strength. The company's recent " Prime Big Deal Days ," a fall follow-up to its main Prime Day held in July, outpaced last year's event, according to Worldwide Amazon Stores CEO Doug Harrington. The company has also invested heavily in AI to become one of the leaders in the artificial intelligence race.

" Citi maintains buy rating Citi expects the company's operating income and revenue to come at least in-line with consensus estimates, if not better than expected. The firm kept its buy rating and $167 price target on shares, which implies 37.5% upside potential from Wednesday's close. Analyst Ronald Josey said the company remains one of its top picks in the internet sector.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 12. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Amazon Reports Earnings Today. What to Expect.Wall Street sees Amazon Web Services revenue improving 12.9% in the quarter to $23.2 billion.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »